Northern Trust in Chicago has appointed Donald Thompson, the recently ousted president and chief executive of McDonald's, to its board of directors.

Thompson joined McDonald's in 1990 and held a variety of leadership positions, including president of McDonald's USA and global chief operating officer. He became the company's president and chief executive in July 2012 before retiring last month amid slumping sales. Thompson also served as a board director of McDonald's from 2011 to March 1.

"He brings deep management and board experience from the perspective of complex, multinational corporations and his input will significantly add to Northern Trust's continued success," Frederick Waddell, the chairman and chief executive of Northern Trust, said in a press release Monday.

Northern Trust has $110 billion in total assets, according to the Federal Deposit Insurance Corp., and 76 offices in 19 states.

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